-Nigeria to investigate Cambridge Analytica involvement in elections – In Kenya, which has a large and fast growing population of internet users, there are no specific laws or regulations to protect the privacy of those individuals. Kenya is not alone in Africa, which as a region has clocked the world’s fastest growth in internet use […]
Month: April 2018
China Hits Back With 25% Tariff On US Imports
In retaliation to the US’ plan to impose a 25% tariff worth USD50 billion on about 1,300 Chinese products, China announced the same tariff on a list of 106 US goods, including aircraft, cars, soybeans, chemical products and orange juice. The Office of the US Trade Representative or USTR said the latest trade measure is […]
Liquidity In Nigerian Electricity Market Worsens
Debts are piling up in the Nigerian Electricity Supply Industry as only four of the country’s 11 distribution companies, Discos, paid for supplies of power they received for transmission to their customers from the generation companies, GENCOs in January 2018. Information available to this website indicated that the highest percentage of revenue paid by the […]
OPEC March oil output sinks to 11-month low – Report
OPEC oil output fell in March to an 11-month low due to declining Angolan exports, Libyan outages and a further slide in Venezuelan output, a Reuters survey found, sending compliance with a supply-cutting deal to another record. The Organization of the Petroleum Exporting Countries pumped 32.19 million barrels per day last month, the survey found, […]
Nigeria’s central bank keeps main interest rate at 14 pct
Nigeria’s central bank kept its main interest rate at 14 percent on Wednesday, its governor Godwin Emefiele said, after the first policy-setting meeting of the year. Most analysts polled by Reuters had expected rates to be kept on hold with cuts seen later this year. The central bank cancelled its January meeting due to an […]
Intel Unveils First Ever Core i9 Processor For Laptops
The need for speed. New Core i9 processor for mobile market is Intel’s highest-performance laptop processor. Intel has taken the wraps of its first ever Core i9 (Coffee Lake) processor for laptops at a global event in Beijing, China.The launch is the chip giant’s first release of its high performance focused chipset for the mobile […]
Customs gets additional uniform for officers
The Nigeria Customs Service (NCS) has approved additional set of uniform for its officers and men to give them options of uniforms depending on the weather and assignment to be executed. The Comptroller-General of Customs (CGC), retired Col. Hameed Ali, said in a statement that the uniform had a white top, the usual ash-coloured trouser […]
NiMET predicts cloudy weather for Wednesday
The Nigerian Meteorological Agency (NiMet) has predicted partly cloudy to cloudy weather conditions over the Central States of the country on Wednesday. NiMet’s Weather Outlook by its Central Forecast Office in Abuja on Tuesday also predicted day and night temperatures in the range of 32 to 38 and 17 to 26 degrees Celsius respectively. It […]
Allegation of misappropriating N9.8bn laughable—Oduah
Fomer Aviation Minister, Sen. Stella Oduah, has faulted the Minister of Information and Culture, Alhaji Lai Mohammed, over the inclusion of her name in the list of alleged looters recently released. Oduah, in a statement on Tuesday in Abuja, described the allegation that she misappropriated the sum of N9.8 billion as unfounded and laughable. The […]
World Bank begins implementation of new safeguards for Nigerian investments
The World Bank on Tuesday began the implementation of its Environmental and Social Framework (ESF) in Nigeria by organising a workshop. A statement sent to PREMIUM TIMES, signed by the Senior Communications Officer, Nigeria, Olufunke Olufon, disclosed that the workshop was organised to provide comprehensive understanding of the new environmental and social requirements the World […]